Fed’s Neel Kashkari out with an essay of all things

  • Prefers the Fed to not raise rates until Core PCE is at 2%
  • Jobs growth, wage growth and inflation would have been weaker if the Fed hadn’t raised rates
  • Labour market slack and falling inflation expectations are causing persistently low inflation
  • Fed should proceed with caution

He’s a voter so his comments have helped bring the buck back down from the ISMK inspired highs. 112.60 trades. EURUSD held support at 1.1730 once again.

Ryan Littlestone

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